Trinseo posts net loss in Q1, sees Q2 net loss ahead

Trinseo reported a Q1 2025 net loss of $79 million, or $2.22/share, compared to a $76 million loss in the same period last year. The result included $25 million in refinancing-related expenses linked to the company’s January debt transactions. Adjusted EBITDA rose to $65 million, up from $45 million a year earlier, supported by $26 million in polycarbonate technology licensing income and restructuring-related cost savings.

Net sales dropped by 13% year-on-year to $785 million, reflecting lower sales volumes across all business segments due to weak end-market demand and strategic reductions in low-margin sales.

Polymer Solutions sales fell 22% to $298 million, though the segment’s adjusted EBITDA rose to $44 million on fixed cost reductions and licensing income. Americas Styrenics posted an adjusted EBITDA loss of $2 million, down $8 million from last year due to unfavorable timing impacts.

Looking ahead, Trinseo expects a Q2 net loss of $61 million to $46 million and adjusted EBITDA between $55 million and $70 million. The company withdrew full-year guidance due to ongoing macroeconomic uncertainty and limited visibility on demand trends.